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    Fort Smith Four-Plex Investment Title is generated by Realmo AI

    2420 S Q ST, Fort Smith, AR 72901

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    Claim this Listing
    For Sale
    $370,000

    MULTI_FAMILY - Fort Smith, AR

    Property size:
    4,567 SF
    Lot size:
    0.27 Acres
    Price / SF:
    $81/SF
    Added:
    Mar 11, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 16 at 5:06 pm

    Property Features for 2420 S Q ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Covered
    Standard status
    Active
    APN
    15925-0006-00015-00
    Size
    4,567 SF
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 5 & 6 BLK 15
    Tax Annual Amount
    2275

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Laminate, Vinyl, Carpet
    Roof type
    Shingle

    We can help!

    Listing Contact
    Team Salsbury

    Listing agent Team Salsbury

    Listing office AROK Realty, LLC 406 Webster, Van Buren, AR

    Listing date Mar 11, 2026

    MLS# 1087596 Listing URL

    Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strong rental potential as an investment property
    • Four 2‑bedroom, 1.5‑bathroom units
    • On‑site coin‑operated washer and dryer for additional income
    • Covered parking for tenants
    • Tenants responsible for electric
    • Functional floor plans

    Overview

    This four-plex in Fort Smith, Arkansas, presents an investment opportunity. The property consists of four units, each featuring two bedrooms and 1.5 bathrooms with functional floor plans. The owner is responsible for water, sewer, and trash services, while tenants cover their electric bills. For added convenience and potential income, the property includes a coin-operated washer and dryer on-site. Tenants also benefit from covered parking located at the rear of the building. The property is situated on a 0.2728-acre lot and the building size is 4,567 square feet. This property offers strong rental potential.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $46.6k $10.20
    − Vacancy −$3.3k −$0.73
    EGI $43.3k $9.47
    − OpEx −$13.0k −$2.84
    NOI $30.3k $6.63
    4,567 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $432.7K
    $378.6K – $504.8K (±1% cap)
    NOI $30,287 @ 7.0% cap · market cap 8.19%
    Second Best
    Apartment 5plus
    $386.4K
    $338.1K – $450.8K (±1% cap)
    NOI $27,045 @ 7.0% cap · market cap 7.31%
    Theoretical Best
    Healthcare Medical
    $971.7K
    $850.2K – $1.13M (±1% cap)
    NOI $68,017 @ 7.0% cap · market cap 18.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.406322
    Latitude
    35.366161

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    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom units with on-site laundry and covered parking.
    Where is this quadplex located?
    The property is located at 2420 S Q ST Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: Strong rental potential as an investment property; Four 2‑bedroom, 1.5‑bathroom units; On‑site coin‑operated washer and dryer for additional income
    (479) 719-1234
    We can help!
    Listing Contact
    Team Salsbury
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